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May 21, 2024
 

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SUMITOMO

Japan Times
BUSINESS / Companies
Nov 10, 2017
Japan's biggest banks prepare for massive downsizing and cost overhauls
Years of shrinking interest rates, demographic challenges and threats from rapidly advancing technology are finally coming to a head at Japan's biggest banks as they prepare to eliminate thousands of positions and downsize branches.
BUSINESS / Companies
Oct 13, 2017
Sumitomo Forestry plans luxury condo development in Bangkok with local developer
Sumitomo Forestry Co. is entering into housing development in Thailand through a joint project with a local developer, aiming to capitalize on growing demand for condominiums in Bangkok and to expand its overseas business.
Japan Times
BUSINESS
Oct 5, 2017
Firms pitch part-time work-at-home as way to ease leave-takers' return to office life
Michika Kato, 27, a mother of a 1-year-old boy, works for up to two hours on her computer at home while her baby is playing on his own or sleeping.
Japan Times
BUSINESS / Companies
May 30, 2017
Steel giant trying to get with it in Shibuya to woo young Japanese talent
Convincing teenagers in Japan that working for a giant 116-year-old manufacturer is a sexy career choice seems like a tough sell. It's even more difficult if the target audience can't figure out the company's name.
JAPAN
May 26, 2017
Vehicle burns up at steel plant in Oita
An unmanned work vehicle burned up early Friday at a steel plant of Nippon Steel & Sumitomo Metal Corp. in Oita, firefighters and police said.
BUSINESS
May 16, 2017
2016 profits off for four big Japan banks amid low rates and Toshiba woes
Four of Japan's five major banking groups posted lower profits for the year through March 31, due largely to the worsening business performance of major borrower Toshiba Corp. and extremely low interest rates, according to earnings reports.
BUSINESS / Companies
Jan 18, 2017
Mizuho, Sumitomo Mitsui Trust eye merging asset management banking arms
Mizuho Financial Group Inc. and Sumitomo Mitsui Trust Holdings Inc. are discussing integrating their asset management banking businesses, sources said Wednesday.
BUSINESS / Companies
Jan 13, 2017
Nippon Steel asks rivals to supplement production after fire
Nippon Steel & Sumitomo Metal Corp. has asked rival makers to help produce steel products as its plant in western Japan remains offline after a fire there last week, a company official said Friday.
BUSINESS / Companies
Dec 20, 2016
Japan's SMBC to buy U.S. freight car leasing firm for $2.8 billion
Sumitomo Mitsui Banking Corp. said Tuesday that it will buy U.S. freight car leasing firm American Railcar Leasing LLC for roughly $2.8 billion, eyeing a boost in its earnings on the brighter U.S. economic outlook.
BUSINESS / Companies
Dec 9, 2016
Sumitomo to acquire banana producer Fyffes for €751 million
Sumitomo Corp. agreed to buy Fyffes Plc for €751 million ($798 million) in cash, expanding the company's reach in the global fruit market and sending the Irish producer's shares soaring.
BUSINESS
Oct 19, 2016
Some Japan trading houses eye resuming Iran oil imports: sources
Japanese traders including Marubeni Corp. and Sumitomo Corp. that stopped buying Iranian oil during western sanctions are looking to resume imports, potentially by year-end, industry sources said.
JAPAN / Crime & Legal
Oct 12, 2016
Former SMBC banker arrested for allegedly stealing ¥190 million
A former senior employee of Sumitomo Mitsui Banking Corp. was arrested Wednesday for allegedly pocketing about ¥190 million ($1.84 million) by manipulating the bank's foreign exchange trading system, police said.
BUSINESS / Companies
Sep 6, 2016
Sumitomo 'liquidating Japan hedge fund' as clients pull out
Sumitomo Mitsui Trust Holdings Inc. is liquidating a Japan-focused hedge fund after investors withdrew money following poor performance, according to people familiar with the matter, adding to the list of casualties as the industry suffers its biggest outflows since 2009.
JAPAN
Aug 24, 2016
Seoul court orders Japan steelmaker to pay redress to wartime forced laborer
A South Korean court has ordered Nippon Steel & Sumitomo Metal Corp. to pay 100 million won (about ¥8.9 million) in reparations to the family of a South Korean man forced to work for one of its predecessor companies during wartime.
Japan Times
BUSINESS / Companies
Aug 5, 2016
Steel king NSSMC cedes crown to Arcelor as yen soars
Japan's biggest steel maker is top of the pile no more, as a resurgent yen hands a competitive advantage to overseas rivals amid an unprecedented global glut.
Japan Times
BUSINESS / Companies
Aug 2, 2016
Clouds lifting for Japan's banks as negative rates stay put
The Bank of Japan's decision not to drag interest rates further below zero provides relief for the nation's banks after shrinking lending profits crimped first-quarter earnings.
Japan Times
BUSINESS
Jun 17, 2016
Death and inheritance taxes: Japan's financial advisory firms enter the delicate but bountiful fray
Elderly Japanese, among the world's richest retirees, are flocking to inheritance advisers, tackling historical taboos on discussing death and providing a rare avenue of growth for the country's brokerages and banks.
BUSINESS / Companies
Jun 15, 2016
SMBC to launch rice farming business in a first for Japanese bank
Sumitomo Mitsui Banking Corp. will this fall launch a company to farm rice, officials said Wednesday. It will be Japan's first major bank to enter the agricultural sector.
Japan Times
BUSINESS
Jun 9, 2016
Japanese banks enter ranks of world's biggest energy lenders
Japanese banks, known for the risk-aversion that spared them the worst of the credit crisis, have quietly grown into some of the world's largest energy lenders.
BUSINESS / Companies
May 9, 2016
Sumitomo Corp. misses profit target, warns of uncertainty
Sumitomo Corp. warned that its business outlook is becoming more uncertain after missing its full-year profit target due to widening impairments on its resources investments.
Rare sequel to 'My Neighbor Totoro' to play at Cannes
A screening of "Mei and the Baby Cat Bus," which is being billed as a "mini-sequel" to the Studio Ghibli classic "My Neighbor Totoro," is set to take place at the Cannes Film Festival on Monday.
America wasn’t made for walking, and it’s killing them
A 2010 study found that U.S. adults averaged 5,117 steps daily and that this was lower than the averages found in similar studies in Switzerland, western Australia and Japan.
Fuchu Prison adapting to foreign prisoners
From the outside, the light-brown complex that is Fuchu Prison in western Tokyo could easily be mistaken for a city hall.
Why half of Japan's cities are at risk of disappearing in 100 years
A couple looks out onto the Fukuoka nightscape. Due to its distance from Tokyo and its close proximity to South Korea and China, professor Tomoya Mori believes that Fukuoka is one of the few metropolitan regions of Japan that will see some form of growth in the decades to come.
Japan concerned over U.S. officials' remarks on atomic bombings
U.S. Sen. Lindsey Graham speaks to reporters during a news conference in Washington on Thursday.
Fuchu Prison adapting to foreign prisoners
From the outside, the light-brown complex that is Fuchu Prison in western Tokyo could easily be mistaken for a city hall.
The politicians moving Japan forward on climate
While not the most outspoken politician on the issue, digital minister Taro Kono has a track record of being serious in his commitment to addressing the climate crisis.
Morning-after pill buyers back prescription-free sales following trial
Some 2,181 morning-after pills were sold at 145 pharmacies across the nation, with Tokyo and Kanagawa Prefecture recording over 200 sales each.
Want to be a voice actor? Stay 'true to the character'
SungWon Cho is a veteran with more than 10 years of experience portraying characters in anime, cartoons and video games.
Local theater in Japan is more than a hobby — it’s a community
Japan Times contributor Laura Pollacco (front right) was offered the role of one of her all-time favorite heroines, Elizabeth “Lizzie” Bennet, in the Tokyo International Players’ production of “Pride and Prejudice.”

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